US Warns Allies Not to Join China-led Development Bank

How do you know a dollar collapse is coming? Because the rest of the world is preparing for it.

Western allies are flocking to join the new China-led Asian Infrastructure Investment Bank (AIIB), while the United States and World Bank sit on the sidelines and lecture them about “appropriate” financial governance.

The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join.

The concerted move by U.S. allies to participate in Beijing’s flagship economic outreach project is a diplomatic blow to the United States and its efforts to counter the fast-growing economic and diplomatic influence of China.

Europe’s participation reflects the eagerness to partner with China’s economy, the world’s second largest, and comes amid prickly trade negotiations between Brussels and Washington.

“I hope before the final commitments are made anyone who lends their name to this organization will make sure that the governance is appropriate,” Treasury Secretary Jack Lew told U.S. lawmakers.

It seems many countries are growing tired of the U.S.’s arbitrary economic sanctions, playing politics with the SWIFT system, dollar manipulation of commodities, strangling IMF and World Bank debt with unequal representation in those institutions. Not to mention the ruthless violence used to protect this racket.

China is tired of waiting to be granted more power in international banks so they’re creating their own opportunities around the world. They’re involved in creating the BRICS development bank, an alternative to SWIFT, building a canal in Nicaragua to rival the Panama Canal, and now this new Asian Infrastructure Investment Bank (AIIB). In other words, it’s on.

“If you try to fight the rising power’s peaceful ascent you sow big problems in the future,” Fred Bergsten, a former official at the U.S. Treasury and currently a fellow at the Peterson Institute in Washington told Reuters.

Over the last few years US-imposed sanctions have had less and less effect as nations find ways around them. These new systems will make sanctions essentially worthless, and the biggest losers of sanctions may end up being US companies who’re prohibited from trading in certain parts of the world.

Despite the corporate media’s best efforts to drum up conflict with Russia, sanctions haven’t worked, leading some Western hawks to promote cutting off Russian banks from SWIFT. This was met by Russia threatening retaliation which resulted in Russia being awarded a seat on SWIFT’s board for the first time.

Can you smell the desperation? American dominance in the world economy is clearly waning. The US dollar is also slowly being diluted as the world reserve currency and all the key players know it. In fact, it’s now happening by design.

The dollar is currently enjoying record spending strength in the global economy for no fundamental reason except that oil is measured in dollars. The oil price crash feels like a last-ditch effort to boost demand for dollars. Yet national debt levels, endless wars, and the fake paper economy ensures that this facade will eventually collapse, probably as fast as it was created.

This new alternative system may limit the contagion of a dollar collapse. It’s basically a good thing that the world will have more choice in how it moves money. But, be warned, it is no different than the current fractional-reserve debt-based parasite that currently leeches off most of the planet, save for slightly different board members.

Nevertheless, I bet the establishment will hail them as saviors when the US economy can no longer bail itself out. Tick tock.

Eric Blair writes and curates news for Activist Post. This article is free to repost in full with attribution.

All the more reason to join… If the US banking cartel says it’s bad, then it must be otherwise..

Agent Ace 2050

I don’t trust either side but the end is near.

robertsgt40

Yup. Could be more like going from the frying pan into the fire. All fiat based currencies are going to croak. There will be a reset(ugly). Those with tangible assets will fare far better than those with paper.

Agent Ace 2050

Indeed.

CAWS

As long as you have guns to protect them.

robertsgt40

Guns are the #1 tangible asset. Without them your other tangible assets are up for grabs.

LocalHero

Yup. All this is is a giant band-aid.

gozounlimited

What would the punishment for joining AIIB be? Losing access to high debt levels, endless wars, and a fake paper economy? It’s a no brainer……

legal eagle

Am I the only one who thinks this is a scam ? The same people who are responsible for the mess the central banks have got us all into are now jumping on the BRICS bank. It is a sure fire way to make sure this new challenge to the Rothschild run empire of usury based banks continues. If you can’t beat them infiltrate them and destroy them from the inside, like a cancer.

worldwakeup

no you are not the only one…

PARIS_GIRL

HELLO USSA GOVT!! NO ONE IS LISTENING ANYMORE!! TO THE DIKTATS OF THE OUTTA CONTROL PSYCHOPATHS WHO RUN THE IMPERIALIST FASCIST CORPORATE COLLECTIVE STATE OF USSA!!
YES WE DID NOTICE IT’S THE BATTLE OF THE BANKSTERS NOW!! WHO CAN OUT-PISS THE OTHER!! THEY BATTLE OVER “US” THE COLLECTIVE HUMAN-KIND TO SEE WHO WILL CONTROL THE COLLECTIVE WORKING CLASSES MASSIVE AMOUNTS OF MONEY, WAGES AND EARNING POWER!!
THE BANKSTER SYSTEM WHO GETS THE MOST DEBT-SLAVES SIGNED UP WINS THE PRIZE OF GLOBAL DOMINATION! OVER THEIR MASSES OF HUMANITIES WEALTH!
MEAN WHILE IN FRANKFURT THE ECB JUST SPENT $$1.4 BILLION ON THEIR NEW HEAD QUARTERS AND THE ANTI-AUSTERITY PROTESTS ARE MASSIVE! THOUSANDS ATTENDED AND 10 COPS CARS ARE BURNT TO TOAST!
BUT OF COURSE THE BANKSTERS AND POLITICIANS THEY AREN’T LISTENING!! BUT SOON WHEN THEY ARE ALL IMPRISONED THEY WILL LISTEN MUCH BETTER!!

timwebb1000 .

The caps lock key is half way up the LHS of the keyboard, PG.
Otherwise a good post, and a nice pic.

“This new alternative system may limit the contagion of a dollar
collapse. It’s basically a good thing that the world will have more
choice in how it moves money. But, be warned, it is no different than
the current fractional-reserve debt-based parasite that currently
leeches off most of the planet, save for slightly different board
members.”

This sums it up nicely.

It’s good to be able to bring down the US-UK bankster scam. It is good to get rid of one evil. That does not mean any other entity is that much better.

The real solution of course, is a global free market in hard money, not fiat currency of any kind.

James Bennett

Our relationship with China is complicated.
Agenda 21 dictates the “de-industrialization” of developed countries; especially the U.S..
Which subsequently has empowered China.
Don’t forget, these are globalists.
They have no allegiance or patriotism.

The fact that much of the World has denounced this Fascist cabal’s petrol paper is a good sign.

Cannonfodder2010

I think they (US/NATO/EU) are starting to panic. Their influence in finance and banking is threatened, Saudi oilfields are in decline, they are losing access to Iraqi oil, it doesn’t look like they will easily gain control of Russian, Syrian or Iranian resources, and Chinese industry is surging out of their reach.

StarFirePrincessWarrior

Stop feeding the corporations!
No sales = no money!
No money = no profit!
No profit = bankruptcy!
Keep your money in your pocket.
Doing with a little less never hurt anybody.

The petro dollar will more than happily become the SDR (basket Currency) petro ‘dollar’ when the big boys say it’s time to pull the US plug.

This is a US dog and pony show meets foregone conclusion. USA. The NWO is through with you.

Glenn Festog

Look! Hiding in the wings! Is it a rinbin? Is it a ruble? No, it’s super-amero; here to save them from ourselves. Posing as a currency for the (currently non-existent North American Union) oppressed peoples of Mexico, Canada and the US; the Amero will lead us all to Freedom! (Cue music)